Roper Technologies, Inc. (NYSE:ROP) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Roper Technologies, Inc. (NYSE:ROP) have earned an average recommendation of “Moderate Buy” from the twelve analysts that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, six have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $615.20.

Several research analysts have recently weighed in on the stock. Robert W. Baird upped their price target on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Truist Financial restated a “buy” rating and set a $665.00 price target (up from $660.00) on shares of Roper Technologies in a research report on Thursday, October 24th. Mizuho increased their price target on shares of Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Barclays restated an “underweight” rating and set a $569.00 target price (down previously from $625.00) on shares of Roper Technologies in a report on Thursday. Finally, Jefferies Financial Group raised their target price on shares of Roper Technologies from $625.00 to $635.00 and gave the stock a “buy” rating in a research report on Friday, August 16th.

Roper Technologies Trading Down 1.2 %

ROP opened at $551.20 on Friday. The firm has a market capitalization of $59.11 billion, a PE ratio of 40.32, a P/E/G ratio of 2.96 and a beta of 1.02. Roper Technologies has a fifty-two week low of $508.22 and a fifty-two week high of $580.09. The company’s 50-day moving average is $554.36 and its 200 day moving average is $551.40. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.44.

Roper Technologies (NYSE:ROP) last announced its earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 EPS for the quarter, beating the consensus estimate of $4.53 by $0.09. The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.72 billion. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.32 earnings per share. As a group, research analysts predict that Roper Technologies will post 18.24 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be issued a $0.825 dividend. The ex-dividend date is Friday, January 3rd. This is a boost from Roper Technologies’s previous quarterly dividend of $0.75. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.60%. Roper Technologies’s dividend payout ratio is presently 21.95%.

Insider Activity at Roper Technologies

In related news, Director Richard F. Wallman sold 1,000 shares of Roper Technologies stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $550.00, for a total value of $550,000.00. Following the completion of the sale, the director now directly owns 32,955 shares in the company, valued at $18,125,250. The trade was a 2.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.87% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Roper Technologies

Large investors have recently modified their holdings of the business. Fairscale Capital LLC purchased a new stake in Roper Technologies during the second quarter worth $28,000. Fortitude Family Office LLC purchased a new position in Roper Technologies in the third quarter valued at about $28,000. Valley Wealth Managers Inc. purchased a new stake in shares of Roper Technologies during the second quarter valued at about $31,000. Global Wealth Strategies & Associates bought a new stake in shares of Roper Technologies in the 3rd quarter valued at about $37,000. Finally, Kimelman & Baird LLC purchased a new position in shares of Roper Technologies in the 2nd quarter worth approximately $42,000. Institutional investors own 93.31% of the company’s stock.

About Roper Technologies

Roper Technologies, Inc designs and develops software, and technology enabled products and solutions. It operates through three segments: Application Software, Network Software, and Technology Enabled Products. The Application Software segment offers management, campus solutions, diagnostic and laboratory information management, enterprise software and information solutions, transportation management, financial and compliance management, and cloud-based financial analytics and performance management software; cloud-based software to the property and casualty insurance industry; and software, services, and technologies for foodservice operations.